Mastering On-Chain Wallets: At the Forefront of Web3
As blockchain technology has rapidly evolved, Web3 has gradually transitioned from the conceptual stage to mainstream application. According to Messari data, global on-chain transaction volume is expected to surpass $12 trillion by 2024, and the number of on-chain wallet users has grown 65% year-over-year. Particularly driven by the Meme coin, DeFi, and GameFi trends, more and more investors are realizing that owning an on-chain wallet is the first step to participating in these new trends.
Recently, the launch of Trump's TRUMP token has sparked a wave of new users' first encounters with on-chain trading, igniting a surge of interest in joining Web3. As Bitget Wallet's Chief Operating Officer Alvin Kan stated, "Many people have found that through on-chain wallets, they can seize opportunities like TRUMP in a timely manner, without relying on traditional centralized exchanges. We believe the TRUMP hype is not just a temporary phenomenon, but reflects users' desire for on-chain trading opportunities. More and more new users are flocking to Web3 through on-chain wallets, trying to find the next big trend."
Why Do You Need an On-Chain Wallet Now?
The current explosion of on-chain assets is mainly concentrated in the following three major trends:
1. Continued Meme Coin Fever: New tokens are launching at an extremely fast pace, and on-chain wallet users are often able to capture high-yield opportunities first.
2. Expansion of the DeFi Ecosystem: On-chain trading has become an important way for more flexible and low-cost asset allocation.
3. Improved Multi-Chain Interoperability: Multi-chain supported wallets like Bitget Wallet make cross-chain operations more convenient, providing users with more asset choices.
It is due to these trends that having a comprehensive and user-friendly on-chain wallet is the primary step to seizing Web3 opportunities.
Creating an On-Chain Wallet
For the latest tokens created on-chain, early users can only trade them by inputting the token contract address into their on-chain wallets, as many centralized exchanges have not yet listed the trading pairs.
For example, the recently popular $TRUMP token was first released on Trump's official X account, and users could copy the token contract address and immediately trade it in their on-chain wallets. At that time, the cost of buying the token was around $1-10. However, if users did not have an on-chain wallet and kept all their crypto assets in a centralized exchange, the buying cost could have significantly increased to around $20.
Therefore, the key to capturing the latest on-chain trading opportunities is to have a dedicated on-chain wallet. This is the primary step for new users entering the crypto world, especially those who prefer to trade on mobile devices. A comprehensive, user-friendly, and secure on-chain wallet is essential.
Bitget Wallet provides a simple, user-friendly, and secure multi-chain wallet, aiming to simplify users' crypto trading and capture new on-chain opportunities and assets. Next, we will show you how to create a Bitget Wallet and conduct on-chain trading on your mobile device.
Creating a Bitget Wallet
Step 1: Enter the Bitget Wallet official website and scan the QR code to download; or download the Bitget Wallet App from your mobile app store, click "Create New Wallet", set a Pin code and verify, and you've successfully created a wallet.
Step 2: After creating the wallet, click "Backup Now" and follow the prompts to save the seed phrase. It is recommended to manually write it down and check it, as the seed phrase is the only way to recover your wallet. Please remember that the seed phrase must never be shared with anyone, as it would allow them to fully control your assets.
Step 3: Click "Wallet", select "Solana" in the "All Networks" dropdown at the top right, click "Receive", and then copy your Solana wallet address. The wallet address is similar to a traditional bank account number, used to receive tokens.
The Solana address only supports receiving tokens on the Solana chain, so please make sure the address you copy is accurate, as asset loss and irretrievability may occur otherwise.
Withdrawing from Exchange to On-Chain Wallet
Withdrawing SOL/USDT from Exchange to Wallet
On a centralized exchange (such as Bitget Exchange), select "Withdraw" and choose "On-Chain Withdrawal", then select SOL or USDT (Solana chain).
When entering the wallet address, please note that some tokens (such as USDT) have multiple chain versions, so you must ensure the selected network matches the wallet address. Otherwise, the funds may be lost and unrecoverable.
How to Cross-Chain to Obtain SOL When Exchanges Suspend Withdrawals
Most users typically buy popular tokens on the Solana ecosystem by first purchasing SOL on a centralized exchange and then withdrawing it to their on-chain wallet. However, if a hot event like the "Trump token launch" occurs, many users may try to withdraw at the same time, causing withdrawal speeds to slow down or even be suspended. In such cases, Bitget Wallet's cross-chain functionality becomes very useful, as it can help you quickly obtain SOL or USDT (Solana) and timely purchase the high-hype tokens. Many users, through the cross-chain function, have rapidly transferred their assets to the Solana chain and purchased $TRUMP at extremely low costs in the early stage, achieving super high returns. Here are the specific steps:
Step 1: On a centralized exchange, withdraw USDT or USDC to Bitget Wallet's address via the Arbitrum or Optimism chain.
Step 2. After the funds arrive, in Bitget Wallet's Swap function, easily cross-chain the USDT or USDC from Arbitrum, Optimism, etc. to the Solana chain.
Step 3. After successfully transferring USDT or USDC to the Solana chain, exchange them for SOL or the hot Solana chain tokens you want to trade.
Purchasing Crypto via OTC
If you have never used a centralized exchange or there are no crypto assets in the exchange, you can also directly purchase USDT, USDC stablecoins, or even some hot tokens like TRUMP, using 50+ fiat currencies through the OTC (Quick Buy) function in the Bitget Wallet. This feature is particularly user-friendly for beginners, helping you participate in market hot spots in a timely manner.
How to Buy Popular On-Chain Coins
Method 1: Buy on MemeX
MemeX is a Meme coin trading powerhouse launched by Bitget Wallet, helping users easily discover and trade the latest Meme coins on the chain. Through MemeX, you can quickly view and trade Meme coins created within seconds. For example, if you want to find the next $TRUMP, MemeX provides a series of key indicators such as liquidity and number of holders to help you filter out potential coins and trade them quickly. Even after the trade is completed, you can view the real-time profit data and share the profit screenshot with your friends to show off your achievements.
In addition, MemeX supports limit orders on Solana and Base chains, without the need to watch the market, you can set the order price and validity period, and the system will automatically complete the transaction for you.
MemeX also displays the 100x coins it has recommended historically, and has recently added key data such as liquidity, number of holders, price fluctuations, and trading volume to help you make wise trading decisions. The buy-in page also provides information such as market capitalization and liquidity to enhance the trading experience.
Main steps: Browse the monitored coins on the MemeX homepage, click on the coin you want to buy, enter the amount of SOL you want to buy in the pop-up window, and click "Buy" to complete the transaction quickly.
After the transaction is completed, you can view your holdings and real-time profit data, and you can also share your profit screenshot with one click.
Method 2: Buy from the Hot Picks List
The Hot Picks list on the Bitget Wallet is a list that helps you discover the next 100x Meme coin. The list has already included coins such as $GOAT, $ACT, $PNUT, $BAN, $RIF, and $LESTER, which have achieved 100x or even 1000x growth.
Hot Picks combines AI algorithms and manual curation to update 5 to 10 of the most promising Meme coins in real-time every day, providing accurate K-line data and a smooth trading experience. Even if you are new to Meme coins, you have a chance to catch the next large MC memecoin.
Step 1: Enter the Hot Picks list, browse the popular coins of the day, and check the market and capitalization data of the coins;
Step 2: Click "Exchange", select the coin to sell, set the trading amount, and click "Confirm" to quickly complete the transaction.
